28 Apr 2023

Cosmin Popovici, CEO CreditAmanet: It is essential to guarantee the originality, the authenticity, and proper functioning of pre-owned products

The pre-owned luxury products market has experienced rapid growth worldwide, fueled by factors such as the highly competitive prices, the appeal of secure investments, and the desire to avoid long waiting lists at top brands like Hermès and Chanel, which limit the number of products customers can purchase each year. According to ResearchAndMarkets.com, the market is currently valued at $32.61 billion and is projected to reach $51.77 billion by 2026, with an estimated annual growth rate of 10%. “This trend is also present in Romania. Over the last year, we have seen an over 25% increase in the pre-owned luxury segment“, says Cosmin Popovici, CEO of CreditAmanet, the largest retailer of pre-owned luxury products on the Romanian market.

Read more in Business Review.